What is inflationary psychology and how does it affect our rising cost of living?

In early September, Reserve Bank Governor Philip Lowe began his annual address to the Anika Foundation, discussing inflation and the country’s future prospects. It was two days after the RBA’s governor confirmed the country’s fifth consecutive hike in the country’s cash interest rates. “After several years of below target inflation, it is now significantly above … Read more

Enthusiastic Gaming Drives $10 Million Credit Extension

LOS ANGELES, September 19, 2022 (GLOBE NEWSWIRE) — Enthusiastic Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (NASDAQ:EGLX; TSX:EGLX), an integrated gaming entertainment company, today announced that it has reached an extension of its existing credit facility through a change that will allow the size of the facility from $10 million to $20 million (the … Read more

El Salvador’s credit is collapsing, Bitcoin may be partly to blame

Nayib Bukele, the bitcoin president of El Salvador. Photo: Marvin Recinos (Getty Images) Shocker folks, it turns out to be El Salvador’s decision… make bitcoin legal tender wasn’t such a good idea after all. This week, credit bureau Fitch demoted El Salvador’s debt rating from CCC to CC, about 14 months after the company’s tech … Read more

Bankrupt Crypto Broker Celsius Has New Plan Codenamed ‘Kelvin’

The ongoing crypto winter has created quite a few “cold crypto” puns, but we hadn’t come across a single company until now that said they wanted to hit “absolute zero”.Image: Mike_O (Shutterstock) Kelvin, as a temperature scale, uses “absolute zero” as the baseline. That lowest temperature conceived would effectively stop all particle activity due to … Read more

Indian gaming group awards 8 scholarships at conference; Cherokee Honored | News

OKLAHOMA CITY – Oklahoma Indian Gaming Association has awarded its 2022 John Marley Scholarships in two categories: dependents of Oklahoma tribal gaming industry employees and the employees themselves. The John Marley Scholarship Fund offers scholarships to employees of OIGA members and their dependents who meet certain minimum requirements and apply. The recipients are selected by … Read more

Interest Updates: RBA Raises Cash Rate for Fifth Consecutive Month — As It Happened

Business Reporter Gareth Hutchens is on deck to unpack this afternoon’s announcement and answer some of your questions. “Interests are rising every month, there are no gaps to measure whether they are working. They have to do nothing for three months and then look at the data, or else they will go too far and … Read more

Cost of living: Family worries when Reserve Bank of Australia tipped to raise interest rates again

Like many families across Australia, Bryan and Nicola Alexander are nervous about living pressures and how hard rising interest rates will hit them. The Perth couple work alternate weekend days to pay their bills and feed their three children, aged between eight and fourteen. “I work Saturdays and he works Sundays… we sacrifice quality time … Read more

RBA Rates Decision: Reserve Bank of Australia is expected to raise interest rates for the fifth consecutive month.

The Reserve Bank of Australia is expected to raise interest rates for the fifth consecutive month, giving mortgage holders more headaches. The RBA’s board of directors is scheduled for Tuesday, when experts predict they will raise cash interest rates again in an effort to curb rising inflation in Australia, which has sent the prices of … Read more

NYC lags behind in job recovery – so Eric Adams needs to plan for a recession before it hits

With the Dow Jones stock index down more than 1,008 points on Friday, it’s reasonable to wonder how New York would fare in a long recession. The city would start out weaker than it has been in at least three decades – so it should start planning now for a proper recovery. In terms of … Read more